So firstly, multiply both sides by t: 
Next, add both sides by v0, and your answer will be: 
Listed price = $1.4 million
Down payment = 20% of $1.4 million = 0.2 x 1,400,000 = 280,000
Amount left to pay = $1.4 million - 280,000 = $1,120,000
Present value of an annuity is given by PV = P(1 - (1 + r/t)^-nt) / r
where: PV = $1,120,000
r = 5% = 0.05
t = 12
n = 30 years.
1,120,000 = P(1 - (1 + 0.05/12)^-(12 x 30)) / 0.05
1,120,000 x 0.05 = P(1 - (1 + 1/240)^-360)
56,000 = P(1 - 0.2238)
P = 56,000 / 0.7761 = 72,148.83
Therefore, the monthly payment is $72,148.83
Your answer is 6% of x.
We can write the given information as equations to find the answer:
Another way to write "20% of x" is to write 0.2x, so therefore 0.2x = y
You can also write "30% of y" as 0.3y, so 0.3y = z
Now we can substitute in the first equation to the second equation, as we know what y equals in terms of x:
0.3(0.2x) = z
Multiplying out we get:
0.06x = z, and 0.06 as a percentage is 6%
I hope this helps!
Answer:
This graph represents the function above.
Switch sides of your problem so it would look like
r -5=-4
20
multiply both sides by twenty
after that it would look like r-100=-80
then add 100 to both of your sides
then after your answer would be r=20